White Oak Commercial Finance (WOCF), an affiliate of White Oak Global Advisors, provided a $20 million ABL revolver facility, with a $5 million uncommitted accordion and $1 million sublimit for letters of credit, to Lulu’s Fashion Lounge, an online retailer of clothing for women.
The facility will be used in part to service existing debt obligations and support the company’s sustainable growth objectives.
“We are pleased to work with Lulu’s as it enters this next phase of growth,” Matt DeBernardo, managing director at White Oak Commercial Finance, said. “This transaction underscores our cross-sector abilities to deliver fast, flexible and tailored financing solutions to support middle-market businesses.”
